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What happens when a drug & convenience store also starts offering banking services? The case of Walgreens

Banks have been luring the unbanked by offering prepaid debit cards for years. Last year people in the US used prepaid cards 1.6 Billion times and transactions worth $77 Billion were made, according to Consumer Reports. Cards have been the fastest growing segment in the payments industry according to Federal Reserve Bank of Boston.

In a move which could add more prepaid card based transactions in ...

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